Following heightened pressure due to his ties to Russia, Roman Abramovich has put Chelsea up for sale, and a slew of investors have expressed interest in the club, know about the Saudi Media consortium and its net worth
Following requests for Abramovich to be barred from owning Chelsea due to his ties to Russian President Vladimir Putin, who has advocated for Russia to attack Ukraine and unleash immense damage on the European country, the decision was made.
And Abramovich’s chances of a speedy sale have been boosted significantly.
Saudi Media Consortium Owner, Net Worth, Chelsea Bid, Stamford Bridge Plans
As Blues takeover discussions speed up, the Saudi-based group is one of three fresh names that have emerged in recent hours. In the wake of Roman Abramovich’s Chelsea buyout, Saudi media has already been sighted visiting Stamford Bridge.
With what he was caught doing towards the end of 2021 amidst Roman Abramovich sale discussions, Saudi Media Chief Mohamed-Al Khereiji has already decided to make his Chelsea ambitions known.
Saudi Media Group: Who Are They?
Individual backers are still unknown at this time. Saudi Media, on the other hand, is a firm known for supporting media, athletic brands, and advertising all over the world.
Saudi Media is focused on the pan-Arab broadcasting industry, with headquarters in both Dubai and Saudi Arabia.
Chelsea are hesitant to sell the club to a party with potentially problematic political or geographical affiliations.
Mohamed-Al Khereiji And The Saudi Media Net-worth
The Chief of Saudi Media Mohamed-Al Khereiji’s net worth is estimated to be $ 2,7 billion. He is considered to be one of the Richest Arabs in the World. However, The total net-worth of Saudi Media is still unknown.
| Industry | Media; public and investor relations |
| Founded | 5 July 1988; 33 years ago |
| Headquarters | Riyadh |
| Key people | Abdulrahman bin Ibrahim Rwaita (chairman) |
| Revenue | SAR 1,066.840 million (2010) |
| Total assets | 5,748,512,000 Saudi riyal (2019) |
| Owner | Al Ahli Capital Fund 13 29.90% |
| Al Ahli Capital Fund 4 29.90% |
The Story So Far
The Saudi conglomerate has indicated interest in buying the Blues, according to Goal, with Abramovich declaring his intention to sell the west London club in a statement last week. The company has also talked about its intention to redevelop Stamford Bridge if the deal goes ahead.
Todd Boehly’s and Hansjorg Wyss’ US-Swiss partners have both expressed interest, with Abramovich pricing the club at £3 billion.
Al Khereiji and his Saudi Media business have joined the likes of Robert ‘Woody’ Johnson of the New York Jets and Vivek Randadive of the Sacramento Kings as prospective buyers for the team.
Despite initial expectations that a takeover agreement may be completed swiftly, no rapid solution is likely. However, It’s still unclear whether Saudi Media would submit a formal bid as we wait for the next solid developments on the new owner race.
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